Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-06-06-Speech-3-194"
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"en.20070606.19.3-194"2
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"Mr President, I should like to draw the attention of the House to a particularly dangerous phenomenon that has arisen during work on the directive on consumer credit, and which significantly diminishes the role of the European Parliament in the legislative process as laid down in the treaties.
Parliament was heavily involved in work on the document. Many requests were made to the Commission and to the Council to undertake studies on the impact of the directive on the Union’s economy, including banks and consumers. Despite all this, the Council and the Commission consistently refused to undertake such studies. Parliament therefore undertook its own studies, believing that such a directive should not be adopted without the certainty that it would be beneficial, to prevent it becoming one more bureaucratic imposition on Member States. The Council and the Commission took no account whatsoever of Parliament’s studies.
It is therefore worth considering why Parliament’s voice went unheard. More importantly, it is also worth asking the question as to why a draft directive that will have such a great impact on raising costs for banks, and which might not necessarily improve the situation for consumers is supposed to be adopted without the relevant investigation into its appropriateness and impact on the Union’s economy."@en1
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